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A comment on GE will move headquarters to Boston. Parent comment

Re:GE will move headquarters to Boston by mikestew on Wednesday January 13, 2016 @04:39PM (#10897740)
I recall (meaning, I can't substantiate this) some years ago that someone concluded that corporate welfare (this included sports stadiums) ended up being a net loss in most cases. Sure wish I knew where to even start to find that.
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Re:GE will move headquarters to Boston by TTPrograms on Wednesday January 13, 2016 @05:40PM (#10898207)
Stadiums are a clear loss for the local economy, but isn't it totally different from a company like this with many high payed employees paying income tax, as well as demand for local prototyping / consulting services?
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Re:GE will move headquarters to Boston by toomuchtodo on Wednesday January 13, 2016 @05:54PM (#10898309)
> Stadiums are a clear loss for the local economy, but isn't it totally different from a company like this with many high payed employees paying income tax, as well as demand for local prototyping / consulting services?

Yes, but from my understanding, the scenario you outlined does not exist (net benefit from tax incentives).

Example: Nevada has no income tax. The only benefits it'll see from the Tesla Gigafactory is any sales tax from the purchasing of manufacturing equipment for the location, and the trickle down from the economic activity from the workers who relocate to work there.

I only used Tesla as an example because it was fresh in my mind, and you asked about income tax, which Nevada doesn't have.

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Re:GE will move headquarters to Boston by TTPrograms on Wednesday January 13, 2016 @06:02PM (#10898353)
MA has income tax.
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Re:GE will move headquarters to Boston by toomuchtodo on Wednesday January 13, 2016 @06:10PM (#10898403)
But does it come out as a net benefit for MA taxpayers?
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